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Investing.com -- Block Inc. (NYSE:SQ) stock rose 6% Wednesday afternoon after the fintech company projected 30% annual growth in adjusted operating income through 2028 during its 2025 Investor Day presentation.
The company, which operates Cash App, Square, and Proto, outlined a three-year financial outlook that includes plans for profitable growth and increased operating leverage. Block expects its gross profit to grow in the mid-teens range annually through 2028, reaching approximately $15.8 billion.
In addition to the robust adjusted operating income growth forecast, Block projected its adjusted earnings per share would grow in the low 30% range annually through 2028, reaching $5.50. The company also introduced a new non-GAAP cash flow measure that accounts for capital required to grow its lending products, which it expects to reach 25% of gross profit by 2028, or more than $4.0 billion.
For 2026 specifically, Block forecasts 17% YoY gross profit growth to $11.98 billion, with adjusted operating income and adjusted earnings per share growing over 30% to $2.70 billion and $3.20 respectively.
The company also highlighted a $5 billion increase to its share repurchase program, adding to the approximately $1.1 billion that remained under its prior $4 billion authorization as of September 30, 2025.
Block’s COO and CFO Amrita Ahuja emphasized that the guidance reflects the strength of the company’s connected ecosystems and its ability to deliver compounding growth while expanding margins.
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